Forex Top Story


JoblessClaims-052517.jpg A report released by the Labor Department on Thursday showed a slight uptick in first-time claims for U.S. unemployment benefits in the week ended May 20th. The report said initial jobless claims inched up to 234,000, an increase of 1,000 from the previous week's revised level of 233,000.

UK-GDP-052517.jpg UK's economic growth eased more than previously estimated in the first quarter due to the downward revisions to services and production. Gross domestic product grew 0.2 percent sequentially in the first quarter instead of 0.3 percent estimated on April 28, the second estimates from the Office for National Statistics showed Thursday.

NewZealand-Steven-Joyce-052517.jpg New Zealand Finance Minister Steven Joyce unveiled the 2017 budget in the election year, giving priority to family income and investment. In his first budget speech on Thursday, Joyce said the fiscal position continues to improve. The budget is set to log a NZ$1.6 billion surplus this year and NZ$2.9 billion surplus in the year to June 2018, he said.

eurusd1-052517.jpg The dollar is heading lower against its major rivals Wednesday afternoon, following the release of the minutes from the most recent meeting of the Federal Reserve. The Fed is on track to raise interest rates this summer, most likely in June, according to the minutes of the central bank's May 2-3 meeting. "Several"...

existinghome-052417.jpg Existing home sales in the U.S. pulled back by more than anticipated in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 2.3 percent to an annual rate of 5.57 million in April.

ECB-052417.jpg Eurozone financial market stress remained contained in the past six months, though the risk of further bond market repricing remains and the risk of a return of concerns over debt sustainability has risen, the European Central Bank said in a report released on Wednesday. Further, the ECB warned that excessive exuberance in regional house prices warranted close monitoring.

China-Moodys-052417.jpg Moody's on Wednesday downgraded China's long-term local currency and foreign currency issuer ratings by one notch to A1 from Aa3 and changed the outlook to stable from negative, due to concerns over the rising debt and slow growth and reforms as the government tries to implement a shift to economic expansion driven by domestic demand than exports.

trade.jpg The total value of construction work completed in Australia slipped a seasonally adjusted 0.7 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Wednesday - coming in at A$46.416 billion. That missed forecasts for a decline of 0.5 percent following the...

NewZealandcpi-071510.jpg New Zealand posted a merchandise trade surplus of NZ$578 million in April, Statistics New Zealand said on Wednesday - representing 12 percent of exports. The headline figure beat forecasts for a surplus of NZ$267 million following the NZ$332 million surplus in March. "In April we had the largest...

eurusd2-052417.jpg The dollar is trading modestly higher against all its major rivals Tuesday afternoon. However, investors remain in a cautious mood following the terror attack in Manchester, England yesterday and the further developments that have come to light regarding the Trump administration. The latest controversy...

newhomesls-052317.jpg After reporting an unexpected jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial pullback in new home sales in the month of April. The Commerce Department said new home sales plunged by 11.4 percent to an annual rate of 569,000.

Germany-IFO-052317.jpg A record high business sentiment, a one-year high economic growth and a six-year high growth in the private sector signal strong positive momentum of the German economy, the biggest in the euro area. As companies were upbeat about their future amid the improving current situation, the business sentiment index strengthened to a record high 114.6 from a revised 113.0 in April.

Greece-EU-052317.jpg Eurozone finance ministers hope to reach a deal on Greece's debt relief and release another tranche of bailout funds to the country in their June meeting, as they failed to reach an agreement on the matter with the International Monetary Fund on Monday. The next Eurogroup meeting is scheduled to be held on June 15 in Luxembourg.

EEP21-011515_23May17.jpg Business sentiment and detailed quarterly national accounts from Germany are due on Tuesday, headlining a busy day for the European economic news.

eur-usd3-052217.jpg The dollar is turning in a mixed performance against its major rivals Monday afternoon, but is little changed overall. The lack of U.S. economic data is keeping some investors on the sidelines at the start of the new trading week. The early portion of the week will remain on the light side in terms...

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